Compare FXOpen vs NSFX

Compare FXOpen vs NSFX

FXOpen vs NSFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$300MT4, JForex60+MFSA

FXOpen vs NSFX Comparison

These brokers each offer access to Interbank liquidity and charge a commission. This means they can offer low spreads, plus a commission charge and fast order execution. They each have a range of markets available, but NSFX can also offer Cryptocurrency CFDs. Each provides MT4, but NSFX also offers JForex, for a higher minimum deposit.

While both have variable spreads, NSFX can also offer fixed spreads on Forex majors on one of its account types. While they have the same minimum deposit, FXOpen has a lower minimum deposit for ECN trading. FXOpen is regulated by the FCA in the United Kingdom, The ASIC in Australia and the FSRC in nevis. NSFX is regulated by the MFSA in Malta.

ECN conditions

These are each no dealing desk and neither restricts trading styles, thus news trading, scalping and automated trading is allowed. Each aggregates prices from liquidity providers.

Quick comparison

Both are MT4 ECN brokers. NSFX also provides JForex. For ECN trading, NSFX has a considerably higher minimum deposit. NSFX can also offer a Classic account with fixed Forex spreads on MT4.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for NSFX is $300 and the minimum deposit for ECN trading is $3,000.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • NSFX offers three account types. These are the MT4 Fixed, MT4 ECN and JForex accounts. The minimum deposit for the MT4 Fixed account is $300, the minimum deposit for the MT4 ECN account is $3,000 and the minimum deposit for the JForex account is $5,000.
  • The NSFX MT4 Fixed account does not charge commissions, the MT4 ECN and JForex accounts do. On its website NSFX provides Trading Central along with analysis, news and an economic calendar and the NSFX academy which includes an FX Video Course, Trading Examples and Guides and a Forex eBook. Hedging is allowed on all three account types as is micro lot trading but only on the MT4 ECN and JForex accounts are EAs enabled and scalping allowed. An Islamic account is available.

Markets

  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • NSFX offers Forex pairs, Indices, Energy, and Precious Metals on the MT4 ECN and JForex accounts, with 60+ available. On the MT4 Fixed account it offers Forex Major pairs.

FXOpen provides 45+ Forex pairs, NSFX provides 50+ Forex pairs.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, NEO, OMNI, Monero, IOTA, Ripple, EOS, Ethereum Classic, Bitcoin Cash, DASH, Namecoin, Peercoin and Emercoin.

Spreads and leverage

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • Spreads at NSFX are fixed for the MT4 Fixed account and are 3 for EUR/USD, 0.60 for Gold (XAU/USD), 3 for UK100 and 0.06 for US Crude Oil
  • NSFX offers variable ECN spreads for the MT4 ECN and JForex accounts, EUR/USD has an average spread of 0.4 (but can be seen as low as 0.1), Gold has an average spread of 0.09, UK100 has an average spread of 2 and US Crude Oil has an average spread of 0.05.

Maximum leverage for FXOpen (FCA regulated) is . Maximum leverage for NSFX is .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (i.e $4 per lot per side).

Platforms

FXOpen offers MT4 desktop, MT4 apps and an MT4 based web trader. NSFX provides MT4 desktop and MT4 apps and JForex and JForex apps.

Comparison summary

  • Each offers ECN accounts
  • They both provide ECN trading on MT4
  • NSFX has a higher minimum deposit for ECN trading
  • NSFX also offers ECN trading on JForex
  • Both offer a range of markets
  • FXOpen also offers Cryptocurrency CFDs
  • NSFX can provide fixed spreads on Forex majors (without a commission charge) on one of its accounts
  • FXOpen offers variable spreads without a commission charge on its STP account

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